On the early edition of Balance of Power, Bloomberg Washington correspondents Joe Mathieu and Kailey Leinz discuss the latest from the Trump administration. On today's show, they speak with Joe Lavorgna, Chief Economist of SMBC Americas/Former-Counselor to Secretary Scott Bessent at the US Treasury Department, Rick Davis, Partner at Stonecourt Capital and Bloomberg Politics Contributor & Jeanne Sheehan Zaino, Democracy Visiting Fellow at Harvard Kennedy School's Ash Center and Bloomberg Politics Contributor and Vali Nasr, Professor of Middle East Studies and International Affairs at Johns Hopkins University School of Advanced International Studies.
Chapters
00:00:00 Opening: Economic D-Day for Iran & Canada Tariffs
00:02:13 Market Update: Oil Falls Ahead of Iran Plan
00:03:46 Bessent Unveils "Operation Economic Outcast"
00:05:28 U.S. Moves to Cut Off Iran's Economic Lifelines
00:08:24 New Sanctions Target Iran's Global Networks
00:11:05 China, Banks & Secondary Sanctions
00:14:25 Bessent Warns No Country Is Above U.S. Sanctions
00:17:39 Canada Trade War & Trump's Tariff Strategy
00:19:05 Why Treasury Is Giving Iran's Partners a Warning
00:20:17 Breaking Down Bessent's Economic D-Day Plan
00:23:37 U.S.-Canada Trade Talks Remain in Limbo
00:25:27 Can Economic Sanctions Force Iran to Negotiate?
00:29:16 Iran Sanctions, Oil & Inflation Risks
00:32:23 Kevin Warsh, Inflation & Jackson Hole
00:34:46 Political Panel: Is Economic D-Day Credible?
00:37:01 Can Sanctions Actually Change Iran's Regime?
00:39:12 Iran Policy, Energy Prices & Midterm Risks
00:41:27 Canada Trade War Could Stretch Beyond Midterms
00:46:07 Market Update: Oil Falls, Chip Stocks Slide
00:48:30 Vali Nasr on the Limits of Trump's Iran Strategy
00:50:01 Can Iran Survive Even Tougher Sanctions?
00:52:53 China, Financial Sanctions & Retaliation Risks
00:54:06 Iran's Nuclear Program & the Strait of Hormuz
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Chapters
00:00:00 Opening: Economic D-Day for Iran & Canada Tariffs
00:02:13 Market Update: Oil Falls Ahead of Iran Plan
00:03:46 Bessent Unveils "Operation Economic Outcast"
00:05:28 U.S. Moves to Cut Off Iran's Economic Lifelines
00:08:24 New Sanctions Target Iran's Global Networks
00:11:05 China, Banks & Secondary Sanctions
00:14:25 Bessent Warns No Country Is Above U.S. Sanctions
00:17:39 Canada Trade War & Trump's Tariff Strategy
00:19:05 Why Treasury Is Giving Iran's Partners a Warning
00:20:17 Breaking Down Bessent's Economic D-Day Plan
00:23:37 U.S.-Canada Trade Talks Remain in Limbo
00:25:27 Can Economic Sanctions Force Iran to Negotiate?
00:29:16 Iran Sanctions, Oil & Inflation Risks
00:32:23 Kevin Warsh, Inflation & Jackson Hole
00:34:46 Political Panel: Is Economic D-Day Credible?
00:37:01 Can Sanctions Actually Change Iran's Regime?
00:39:12 Iran Policy, Energy Prices & Midterm Risks
00:41:27 Canada Trade War Could Stretch Beyond Midterms
00:46:07 Market Update: Oil Falls, Chip Stocks Slide
00:48:30 Vali Nasr on the Limits of Trump's Iran Strategy
00:50:01 Can Iran Survive Even Tougher Sanctions?
00:52:53 China, Financial Sanctions & Retaliation Risks
00:54:06 Iran's Nuclear Program & the Strait of Hormuz
--------
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
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More from Bloomberg:
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Bloomberg Politics: https://twitter.com/bpolitics
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